June 2025
03Jun

Study Shows Value of Personal Savings in Retirement

A recent national study validates the importance of having personal savings as a primary source of income in retirement. According to the study, personal savings (including individual retirement accounts and other investment accounts) are expected as a primary source of retirement income by government workers in the education (74%), public safety (78%), health and human services (75%), and other state/local government (73%) sectors. Along with a WRS pension, a supplemental retirement savings plan like the Wisconsin Deferred Compensation Program (WDC) is equally important for...

June 3, 2025
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02Jun

Sweden. Market turbulence is evident in insurance and occupational pension companies’ capital investments

During the first quarter of 2025, the market value of insurance and occupational pension companies' investment assets decreased to SEK 7,646 billion, from SEK 7,836 billion at the end of the previous quarter. Compared to the first quarter of 2024, the market value has increased 1,5 percent from SEK 7,530 billion. The quarter in brief ”Market turbulence over the past quarter has led to lower capital investments, especially in shares”, says Malcolm Svensson Rothmaier, economist at Statistics Sweden. In the...

June 2, 2025
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May 2025
30May

Annual survey on financial incentives for retirement savings. Country profiles 2024

By Organisation for Economic Co-operation and Development Countries provide financial incentives to encourage individuals to save for retirement in asset-backed pension plans. Financial incentives for retirement savings can take the form of tax incentives, which are indirect subsidies through the tax code, or non-tax incentives, which are direct government payments into pension accounts. This annual survey provides an overview of the tax treatment of retirement savings and covers non-tax incentives to promote retirement savings in OECD countries and four accession...

May 30, 2025
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29May

US. PensionBee Launches SEP IRAs To Include Non-Traditional Retirement Savers

PensionBee, a leading online retirement provider, announced today the launch of Simplified Employee Pension (SEP) IRAs in its digital platform. This offering provides a best-in-class retirement solution designed for self-employed individuals. Self-employed Americans consistently report lower levels of retirement preparedness. Only about 13% of self-employed individuals in single-person businesses participate in retirement plans, compared to nearly 72% of traditional employees. The launch comes at a critical time as the gig economy continues its rapid expansion. By 2025, gig workers are expected...

May 29, 2025
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14May

US. Bill Would Lower Retirement Plan Eligibility Age to 18

Senators Bill Cassidy (R-LA.) and Tim Kaine (D-VA.) have re-introduced the Helping Young Americans Save for Retirement Act. The bill was previously introduced last Congress in November 2023. Much like last time, the bill would reduce the participation age in ERISA-governed plans, currently set at 21 years old, to 18 years old. The purpose of the bill is to expand retirement savings to younger workers. ERISA plans would still be permitted to set a minimum age that is younger than 18. Employees...

May 14, 2025
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08May

UK. Pension savers urged not to panic despite potential impact of volatility on DC savings

Defined contribution (DC) pension savers could see their potential retirement income fall by up to 20 per cent as a result of market volatility seen following the introduction of US tariffs, although those in defined benefit (DB) schemes are unlikely to be affected, research from the Society of Pension Professionals has revealed. The SPP acknowledged that, in the wake of US President, Donald Trump, announcing new import taxes on goods from almost every country, the economic turbulence felt across the...

May 8, 2025
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06May

UK. State pension top-up payments ‘could take months’ to reach pensioners

Pensioners who have topped up their National Insurance records have been issued a warning as they could potentially face a months-long wait for their state pension increases. The surge in state pension top-ups has reportedly resulted in a six to eight-month delay in processing payments. This year marked the final deadline for topping up state pension payments through voluntary National Insurance contributions. Under existing rules, you require 35 qualifying years on your National Insurance record - some individuals may need more...

May 6, 2025
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April 2025
30Apr

96% of Ghanaian pensioners live on GH¢5,000 or less monthly – Paul Kofi Mante

At the 2025 edition of the Money Summit organized by the Business and Financial Times (B&FT), Paul Kofi Mante, Managing Director of EDC Investment Limited, raised urgent concerns about the state of pensions in Ghana, revealing that a staggering 96% of pensioners receive GH¢5,000 or less per month. Speaking as a panelist during a session focused on investment and retirement planning, Mr. Mante described the current pension reality as deeply worrying. He disclosed that out of the over 2 million Ghanaians aged 60 and above, fewer than 300,000 are enrolled on...

April 30, 2025
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29Apr

UK pension system is at a tipping point

The UK faces a pensions time bomb that could detonate within a generation. Unlike all good suspense movies, there is not going to be a cutting of the red or blue wire in the final seconds of a digital countdown; solutions are complex, multi-faceted and wide reaching. For decades, the UK pension system has been regarded as a stable safety net, ensuring workers can retire with dignity. But beneath this illusion of security lies a crisis in the making. The combined pressures of...

April 29, 2025
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29Apr

US. Benefits Cuts on the Table in House Budget Legislation

Cuts to federal employees’ benefits are being pitched in budget legislation scheduled to be marked up in the House of Representatives this week. House Committee on Oversight and Government Reform Chairman James Comer (R-KY) announced that the Committee will mark up budget legislation on Wednesday, April 30 at 10:00 AM ET as part of the Trump administration’s plan to reduce federal spending to combat the growing debt which currently stands at about $36 trillion. Items Under Consideration The items to be considered would have...

April 29, 2025
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